Dogecoin and Shiba Inu: Dogecoin is holding above 0.06800
- This morning we saw the Dogecoin price once again above the 0.06900 level.
- Shiba Inu’s price rose to 0.00000788 levels this morning.
Dogecoin chart analysis
This morning we saw the Dogecoin price once again above the 0.06900 level. We stayed up there for a short time, and the price started a pullback to the 0.06800 level. For now, we manage to get support at that level, and thus, the pullback has been stopped. With a break below, we could expect to see further declines and testing of lower support levels.
Potential lower targets are 0.06700 and 0.06600 levels. At the 0.06700 level, additional price support could be in the EMA50 moving average, which could stop further decline. We need a positive consolidation and a jump first to the 0.06900 level for a bullish option. Then we also need to maintain ourselves up there, in order to consolidate there. After that, we could expect to see further price growth. Potential higher targets are 0.07000 and 0.07100 levels.
Shiba Inu Chart Analysis
Shiba Inu’s price rose to 0.00000788 levels this morning. After that, the growth is stopped at that level, and the price began to retreat to the 0.00000760 level. Additional support at that level is in the EMA50 moving average. The price receives support at that point, and new bullish impulses begin, pushing the price up to the 0.00000770 level. Now we need a break above the 0.00000780 level in order to be able to test the previous high at the 0.00000790 level.
We need a break above the 0.00000790 level to continue on a bullish option. Then we need to hold up there before moving on to the bullish side. Potential higher targets are the 0.00000800 and 0.00000810 levels.
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